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Monday

  • Cabinet Office to release first revision of gross domestic product data for January-March. The preliminary data, released May 17, showed that Japan’s GDP shrank an annualized real 3.4 percent in the first three months of this year, a significant contraction for the second consecutive quarter that pushed the world’s third-largest economy into a technical recession. But many economists have predicted that the headline figure will be revised to a 2.2 percent contraction.
  • Finance Ministry to release preliminary balance of payments statistics for April.
  • Cabinet Office to release results of monthly “economy watchers” survey for May.
  • Government to submit to parliament draft second extra budget for fiscal 2020.
  • The budget, totaling ¥31.91 trillion ($291 billion), will finance additional measures aimed at cushioning the economic impact of the coronavirus pandemic.
  • Universal Studios Japan in Osaka to partially reopen its doors after 3-month shutdown over spread of COVID-19.

Tuesday

  • Lower house budget panel begins 2-day debate on draft second extra budget.

Wednesday

  • Cabinet Office to release machinery orders data for April.
  • Tokyo District Court to hand down ruling on Misao Kaminsukasu, facing charges including fraud over bogus land sale in Tokyo targeting home builder. Prosecutors sought a 14-year prison term for Kaminsukasu, believed to be the mastermind of a land scam group accused of swindling home builder Sekisui House Ltd. out of about ¥5.5 billion in the land sale in 2017.

Thursday

  • Finance Ministry to release results of business outlook survey for April-June period.

Friday

  • Hiroshima District Court to hold first hearing in trial of former secretary of then Justice Minister Katsuyuki Kawai, Shinsuke Takaya, who was indicted in March over unlawful rewards to staffers during Upper House election campaign of his wife and lawmaker, Anri, last year.

Saturday

  • No major events.

Sunday

  • No major events.